Polar Power, Inc. (POLA) Revenue History
Annual and quarterly revenue from 2014 to 2024
Compound Annual Growth Rate (CAGR)
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POLA Revenue Growth
POLA Revenue Analysis (2014–2024)
As of May 8, 2026, Polar Power, Inc. (POLA) generated trailing twelve-month (TTM) revenue of $8.3 million, reflecting significant decline in growth of -74.1% year-over-year. The most recent quarter (Q3 2025) recorded $1.3 million in revenue, down 53.0% sequentially.
Looking at the longer-term picture, POLA's 5-year compound annual growth rate (CAGR) stands at -10.8%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $24.8 million in 2019.
When compared to Industrials sector peers including GNRC (-0.5% YoY), ACHR, and PESI (-0.9% YoY), POLA has underperformed the peer group in terms of revenue growth. Compare POLA vs GNRC →
POLA Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| POLACurrent | $8M | -74.1% | -10.8% | -31.3% | |
 GNRC | $4.2B | -0.5% | +11.1% | 6.9% | |
 ACHR | $300,000 | - | - | -243100.0% | |
 PESI | $62M | -0.9% | -10.2% | -19.0% | |
 GTLS | $4.3B | +2.5% | +29.4% | 15.2% | |
 BLDP | $101M | +42.5% | -0.5% | -80.6% |
POLA Historical Revenue Data (2014–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $14.0M | -8.7% | $1.3M | 9.4% | $-4,375,000 | -31.3% |
| 2023 | $15.3M | -4.8% | $695K | 4.5% | $-5,990,000 | -39.2% |
| 2022 | $16.1M | -5.0% | $2.1M | 13.2% | $-5,533,000 | -34.5% |
| 2021 | $16.9M | +87.1% | $3.4M | 20.4% | $-3,098,000 | -18.3% |
| 2020 | $9.0M | -63.6% | $-5,623,000 | -62.3% | $-12,964,000 | -143.6% |
| 2019 | $24.8M | +3.1% | $4.9M | 19.8% | $-3,981,477 | -16.1% |
| 2018 | $24.0M | +66.8% | $7.4M | 30.9% | $-1,098,788 | -4.6% |
| 2017 | $14.4M | -36.8% | $4.8M | 33.6% | $-721,960 | -5.0% |
| 2016 | $22.8M | +233.0% | $10.2M | 44.7% | $7.4M | 32.5% |
| 2015 | $6.8M | +31.6% | $2.4M | 35.2% | $307K | 4.5% |
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Start ComparisonPOLA — Frequently Asked Questions
Quick answers to the most common questions about buying POLA stock.
Is POLA's revenue growth accelerating or slowing?
POLA revenue declined -74.1% year-over-year, contrasting with the 5-year CAGR of -10.8%. TTM revenue fell to $8M. This reverses the prior growth trend.
What is POLA's long-term revenue growth rate?
Polar Power, Inc.'s 5-year revenue CAGR of -10.8% reflects the variable expansion pattern. Current YoY growth of -74.1% is below this long-term average.
How is POLA's revenue distributed by segment?
POLA reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2024 are available for download. Segment mix reveals concentration and diversification trends.